China Merchants Energy Shipping (CMES) has landed a long-term charter agreement with Sinochem Petroleum Shipping Singapore, a subsidiary of Sinochem Energy, for three of its liquified natural gas (LNG) carrier newbuilds.
The Shanghai-listed energy transport unit of China Merchants Group said the deal involves the 175,000 cu m trio built by Dalian Shipbuilding Industry Corporation (DSIC).
The charters, expected to total up to $2.5bn, should commence in the second half of 2025 and last up to 30 years.
Tags: China, China Marchants, LNG, Shanghai, Sinochem
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